CareCloud, Inc. — fact timeline

CareCloud, Inc. reported the quarter ended March 31, 2026 results: revenue $31.3 million, net income $922,000, EPS ($0.01). Guidance reaffirmed.

“CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-powered healthcare technology and revenue cycle management solutions for medical practices and health systems nationwide, today announced financial results for the quarter ended March 31, 2026. The Company reaffirmed its previously issued financial guidance following the successful closing of a $50 million credit facility, the announced redemption of 100% of its Series B Preferred Stock, and AI product launches. Together, these milestones mark a pivotal step in CareCloud’s ongoing growth trajectory—positioning the Company to scale its AI-driven revenue and expand margins, reporting its eighth consecutive quarter of positive GAAP net income with a meaningfully simpler capital structure for the future. First Quarter 2026 Financial Highlights: ● Revenue of $31.3 million, compared to $27.6 million in Q1 2025 ● GAAP net income of $922,000, compared to a net income of $1.9 million in Q1 2025 ● Adjusted EBITD”

CareCloud, Inc. issued 4,300,000 shares of common stock of warrant to Mahmud Haq for pledge of certain securities accounts as additional collateral support for the Credit Facility.

“Mahmud Haq, the Company’s Executive Chairman, will enter into a Securities Account Pledge Agreement in favor of Citizens, as administrative agent, pursuant to which he will pledge certain securities accounts as additional collateral support for the Credit Facility. In consideration for this pledge, Mr. Haq will receive a warrant exercisable for 4,300,000 shares of common stock of the Company at a strike price of $5.00 per share (the “Warrant”).”

CareCloud, Inc. incurred credit facility of $40.0 million term loan facility and a $10.0 million revolving credit facility with Citizens Bank, N.A. and Provident Bank at rates based on Term SOFR, Daily Simple SOFR or the alternate base rate, in each maturing the fourth anniversary of the closing date.

“On April 13, 2026, CareCloud, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with Citizens Bank, N.A., as administrative agent, issuing bank and a lender (“Citizens”), Provident Bank, as a lender (“Provident”), and the other parties thereto, which provides for a $40.0 million term loan facility and a $10.0 million revolving credit facility (collectively, the “Credit Facility”).”

CareCloud, Inc. entered into Credit Agreement with Citizens Bank, N.A., as administrative agent, issuing bank and a lender, Provident Bank, as a lender, and the other parties thereto valued at $40.0 million term loan facility and a $10.0 million revolving credit facility (effective 2026-04-13).

“On April 13, 2026, CareCloud, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with Citizens Bank, N.A., as administrative agent, issuing bank and a lender (“Citizens”), Provident Bank, as a lender (“Provident”), and the other parties thereto, which provides for a $40.0 million term loan facility and a $10.0 million revolving credit facility (collectively, the “Credit Facility”).”

CareCloud, Inc.: Amendment to the bylaws revising the quorum requirement for meetings of stockholders (effective 2026-04-02).

“The amendment revised the quorum requirement for meetings of stockholders.”

CareCloud, Inc. disclosed a cybersecurity incident: temporary network disruption in the CareCloud Health division partially impacting functionality and data access to 1 of 6 electronic health record environments for approximately 8 hours, caused by an unauthorized third party. Impact: the incident has not had a material impact on operations as of the filing date, but potential consequences include remediation and response costs, legal, regulatory and notification-related matters, and possible effects on patients, customers, counterparties, reputation and operations. Company determined it material. Discovered 2026-03-16.

“On March 24, 2026, the Company nevertheless determined that the incident is material in light of the sensitivity of the potentially affected information and the potential consequences of the incident, including remediation and response costs, legal, regulatory and notification-related matters, and possible effects on patients, customers, counterparties, reputation and operations.”

CareCloud, Inc. incurred debt of $8,250,000 with Wells Fargo Bank, N.A. at 12% per year maturing February 20, 2026.

“$8,250,000 payable by Holdings to Seller’s secured bank lender Wells Fargo Bank, N.A. (“Wells Fargo”) pursuant to a Deferred Payment Agreement, bearing interest at a rate of 12% per year with a maturity date of February 20, 2026”

CareCloud, Inc. completed an acquisition involving Medsphere Systems Corporation for $16,500,000 (closed 2025-08-22).

“is in the business of providing healthcare IT software and related services to the U.S. inpatient and ambulatory market. The aggregate purchase price for the acquisition was $16,500,000, plus the assumption of certain liabilities. The Company believes that the expected annual long-term revenue approximates the purchase price, consistent with prior acquisitions.”

CareCloud, Inc. engaged Tanner LLC as its auditor.

“On August 14, 2025, the Audit Committee approved the appointment of Tanner LLC (“Tanner”) as the Company’s new independent registered public accounting firm commencing for its quarter ending September 30, 2025 and its fiscal year ending December 31, 2025.”

Rosenberg Rich Baker Berman, P.A. resigned as auditor of CareCloud, Inc..

“On August 14, 2025, CareCloud, Inc. (the “Company”) was notified by Rosenberg Rich Baker Berman, P.A. (“RRBB”) of its resignation as the Company’s independent registered public accounting firm as they lacked the staffing capacities to perform the attestation required by SOX Section 404(b) due to the Company’s public float exceeding $75 million as of June 30, 2025.”

CareCloud, Inc.: Increased authorized shares of common stock from 35 million to 85 million (effective 2025-02-05).

“approved an amendment to the Company’s amended and restated certificate of incorporation (the “Certificate of Incorporation”) to amend Section 4.1 of the Certificate of Incorporation to increase the number of authorized shares of the Company’s common stock that may be issued from thirty-five million shares to eighty-five million shares”

CareCloud, Inc. reported the three months ended March 31, 2024 results: revenue $26.0 million, net income ($241,000) or $(0.02) per share. Guidance reaffirmed.

“and health systems nationwide, today announced financial and operational results for the three months ended March 31, 2024. First Quarter 2024 Financial Highlights ● Revenue of $26.0 million, as compared to $30.0 million in Q1 2023 ● GAAP operating income of $129,000, as compared to operating loss of ($223,000) in Q1 2023 ● GAAP net loss of ($241,000) or $(0.02)”

A. Hadi Chaudhry changed role as Chief Executive Officer at CareCloud, Inc..

“As of such date, A. Hadi Chaudhry is no longer President of the Registrant, but remains the Registrant’s Chief Executive Officer.”

Stephen Snyder was appointed as President at CareCloud, Inc..

“Effective May 1, 2024, Stephen Snyder has been appointed President of CareCloud, Inc.”

CareCloud, Inc. engaged Rosenberg Rich Baker Berman, P.A. as its auditor.

“On March 25, 2024, the Audit Committee approved the appointment of Rosenberg Rich Baker Berman, P.A. (“RRBB”) as the Company’s new independent registered public accounting firm commencing for its quarter ending March 31, 2024 and its fiscal year ending December 31, 2024, effective on March 25, 2024.”

CareCloud, Inc. dismissed Grant Thornton LLP as its auditor.

“On March 25, 2024, CareCloud, Inc. (the “Company”), with the approval of the Audit Committee of the Board of Directors (the “Audit Committee”) of the Company, notified Grant Thornton LLP (“Grant Thornton”) that Grant Thornton was being dismissed as the Company’s independent registered public accounting firm, effective on March 25, 2024.”

CareCloud, Inc. reported the fourth quarter 2023 results: revenue $28.4 million, net income GAAP net loss of $43.7 million, EPS GAAP net loss per share for the fourth quarter 2023 was $3.00.

“share, compared to $16.3 million or $1.07 per share in 2022 ● Adjusted EBITDA of $15.4 million, compared to $22.2 million in 2022 Fourth Quarter 2023 Highlights ● Revenue of $28.4 million, as compared to $32.5 million in Q4 2022 ● GAAP net loss of $43.7 million, compared to net income of $499,000 in Q4 2022 ● Adjusted net income of $835,000, or $0.05 per share ●”

CareCloud, Inc. reported the year ended December 31, 2023 results: revenue $117.1 million, net income GAAP net loss of $48.7 million. Guidance initiated.

“regularly review profitability and cash flow and consider when the Company is able to lift the suspension and resume paying dividends. Full Year 2023 Highlights ● Revenue of $117.1 million, as compared to $138.8 million in 2022 ● GAAP net loss of $48.7 million, compared to net income of $5.4 million in 2022 ● Adjusted net income of $4.8 million or $0.30 per”

Norman Roth was appointed as Interim Chief Financial Officer at CareCloud, Inc..

“Effective January 17, 2024, Norman Roth the Registrant’s Controller and Principal Accounting Officer has been appointed Interim Chief Financial Officer until such time as a new Chief Financial Officer is appointed.”

Larry Steenvoorden departed as Chief Financial Officer at CareCloud, Inc..

“Effective as of January 17, 2024, Larry Steenvoorden the Chief Financial Officer and the Registrant agreed to a mutual separation.”

CareCloud, Inc. reported quarter ended September 30, 2023 results: revenue $29.3 million, net income $2.7 million.

“our position as a leading tech-enabled revenue cycle management provider and return the company to sustainable growth.” Third Quarter 2023 Highlights ● Revenue of $29.3 million, 13% decline from Q3 2022 ● GAAP net loss of $2.7 million, compared to a net income of $1.1 million in Q3 2022 ● Adjusted net income of $203,000, or $0.01 per share ● Adjusted”

CareCloud, Inc. shareholders approved Advisory vote on frequency of say-on-pay votes at the 2023-05-22 meeting.

“The frequency of the shareholders' vote on the compensation of the Company's named executive officers was approved for annual voting on an advisory basis, receiving votes as follows: Every Year Every 2 Years Every 3 Years Abstain 7,913,356 7,757 285,447 15,052”

CareCloud, Inc. shareholders approved Advisory vote to approve executive compensation at the 2023-05-22 meeting.

“The compensation of the Company's named executive officers as disclosed in the Company's Proxy Statement was approved on an advisory basis, receiving votes as follows: For Against Abstain Broker Non-Votes 7,593,792 415,454 212,366 0”

CareCloud, Inc. shareholders approved Election of Directors at the 2023-05-22 meeting.

“The two nominees listed below were elected to the Board of Directors with each director receiving votes as follows: Election of Directors For Withheld Broker Non-Votes Anne Busquet 7,721,823 499,789 0 Lawrence Sharnak 6,463,995 1,757,617 0”

Bill Korn was elected as Class II Director at CareCloud, Inc..

“elected Bill Korn to serve as a Class II Director of the Company, effective as of October 9, 2023.”

Bill Korn departed as Chief Strategy Officer at CareCloud, Inc..

“Bill Korn will join CareCloud’s Board of Directors and will resign as Chief Strategy Officer of the Registrant, effective October 6, 2023.”

CareCloud, Inc. announced a restructuring with charges of approximately $0.5 million.

“part of software capitalization. A majority of the impacted employees will exit in the fourth quarter of 2023. The Company estimates that it will incur expenses of approximately $0.5 million related to the reduction in work force, of which approximately $0.4 million is expected to be incurred in 2023, with the remaining expenses to be incurred during 2024. These”

CareCloud, Inc. amended Eighth Loan Modification Agreement with Silicon Valley Bank, a Division of First-Citizens Bank & Trust Company valued at $25 million (effective 2023-08-31).

“On August 31, 2023 (the “Issue Date”), CareCloud, Inc. and its wholly owned subsidiaries CareCloud Acquisition, Corp., CareCloud Health, Inc., CareCloud Practice Management, Corp., MTBC Acquisition, Corp., Meridian Medical Management, Inc. and medSR, Inc. (the “Company”) entered into an Eighth Loan Modification Agreement (the “Agreement”) with Silicon Valley Bank, a Division of First-Citizens Bank & Trust Company (“SVB”) whereby the Company amended certain provisions of its $25 million line of credit with SVB which matures October 13, 2025.”

CareCloud, Inc. reported the fiscal year ending December 31, 2023 results: revenue $120 – $122 million. Guidance reaffirmed.

“CareCloud is updating its forward-looking guidance for the fiscal year ending December 31, 2023: For the Fiscal Year Ending December 31, 2023 Forward-Looking Guidance Revenue $120 – $122 million Adjusted EBITDA $15 – $17 million”

CareCloud, Inc. reported the first six months of 2023 results: revenue $59.4 million, net income GAAP net loss was $2.2 million, EPS $0.24 per share.

“Revenue for the first six months of 2023 was $59.4 million, compared to $72.6 million in the first six months of 2022.”

CareCloud, Inc. reported the quarter ended June 30, 2023 results: revenue $29.4 million, net income GAAP net loss was $1.8 million, EPS $0.09 per share.

“East and the widespread adoption of our CareCloud Wellness solutions, we are excited about the growth prospects for our Company.” Second Quarter 2023 Highlights ● Revenue of $29.4 million, 21% decline from Q2 2022 ● GAAP net loss of $1.8 million, compared to a net income of $2.7 million in Q2 2022 ● Adjusted net income of $1.4 million, or $0.09 per share ●”

Bill Korn changed role as Chief Strategy Officer at CareCloud, Inc..

“Bill Korn will continue as Chief Strategy Officer and no longer also be Acting Chief Financial Officer”

Larry Steenvoorden was appointed as Chief Financial Officer at CareCloud, Inc..

“Effective July 10, 2023, Larry Steenvoorden has been appointed Chief Financial Officer”

CareCloud, Inc. shareholders approved Advisory vote on frequency of say-on-pay at the 2023-05-22 meeting.

“The frequency of the shareholders’ vote on the compensation of the Company’s named executive officers was approved for annual voting on an advisory basis, receiving votes as follows: Every Year Every 2 Years Every 3 Years Abstain 7,913,356 7,757 285,447 15,052”

CareCloud, Inc. shareholders approved Advisory vote on executive compensation at the 2023-05-22 meeting.

“The compensation of the Company’s named executive officers as disclosed in the Company’s Proxy Statement was approved on an advisory basis, receiving votes as follows: For Against Abstain Broker Non-Votes 7,593,792 415,454 212,366 0”

CareCloud, Inc. shareholders approved Election of Directors at the 2023-05-22 meeting.

“The two nominees listed below were elected to the Board of Directors with each director receiving votes as follows: Election of Directors For Withheld Broker Non-Votes Anne Busquet 7,721,823 499,789 0 Lawrence Sharnak 6,463,995 1,757,617 0”

Bill Korn was appointed as Acting Chief Financial Officer at CareCloud, Inc..

“Effective May 11, 2023, Bill Korn, the Registrant’s former Chief Financial Officer and current Chief Strategy Officer, has been appointed Acting Chief Financial Officer until such time as a new Chief Financial Officer is appointed.”

Joseph DosSantos resigned as Chief Financial Officer at CareCloud, Inc..

“On May 10, 2023, Joseph DosSantos resigned as Chief Financial Officer of the Registrant.”

Joseph DosSantos was appointed as Chief Financial Officer at CareCloud, Inc..

“and Joseph DosSantos has been appointed Chief Financial Officer.”

Bill Korn changed role as Chief Strategy Officer at CareCloud, Inc..

“Effective May 8, 2023, Bill Korn, the Registrant’s current Chief Financial Officer, has assumed the role of Chief Strategy Officer”

CareCloud, Inc. reported fiscal year ending December 31, 2023 results: revenue $142 – $146 million. Guidance reaffirmed.

“CareCloud is reiterating the following forward-looking guidance for the fiscal year ending December 31, 2023: For the Fiscal Year Ending December 31, 2023 Forward-Looking Guidance Revenue $142 – $146 million Adjusted EBITDA $24 – $27 million”

CareCloud, Inc. reported first quarter 2023 results: revenue $30.0 million, net income net loss of $401,000, EPS $0.28 per share. Guidance reaffirmed.

“First Quarter 2023 Highlights ● Revenue of $30.0 million ● GAAP net loss of $401,000, or $0.28 per share”

Stephen Snyder departed as Director at CareCloud, Inc..

“Stephen Snyder, a director of the Registrant, has informed the Registrant of his decision not to stand for re-election as a director of the Registrant at the Registrant’s Annual Meeting of Shareholders, currently scheduled to be held on May 22, 2023.”

CareCloud, Inc. reported Fourth Quarter 2022 results: revenue $32.5 million, net income $499,000, EPS $0.25 per share.

“Fourth Quarter 2022 Highlights ● Revenue of $32.5 million, as compared to $37.5 million in Q4 2021 ● GAAP net income of $499,000, compared to $3.5 million in Q4 2021 ● Adjusted net income of $3.9 million, or $0.25 per share ● Adjusted EBITDA of $5.7 million, as compared to $6.1 million in Q4 2021”

CareCloud, Inc. reported the year ended December 31, 2022 results: revenue $138.8 million, net income $5.4 million, EPS $1.07 per share.

“Full Year 2022 Highlights ● Revenue of $138.8 million, as compared to $139.6 million in 2021 ● Record GAAP net income of $5.4 million, compared to $2.8 million in 2021 ● Adjusted net income of $16.3 million or $1.07 per share, compared to $18.5 million or $1.24 per share in 2021 ● Record adjusted EBITDA of $22.2 million, an increase of $129,000 over $22.1 million in 2021”

CareCloud, Inc. amended Seventh Loan Modification Agreement with Silicon Valley Bank valued at increased its $20,000,000 revolving line of credit from SVB to $25,000,000 (effective 2023-02-17).

“entered into a Seventh Loan Modification Agreement (the “Agreement”) with Silicon Valley Bank (“SVB”) whereby the Company increased its $20,000,000 revolving line of credit from SVB to $25,000,000 (“Amendment”) and extended the maturity date from October 13, 2023 to October 13, 2025.”

CareCloud, Inc. reported the quarter ended September 30, 2022 results: revenue $33.7 million, net income $1.1 million. Guidance reaffirmed.

“or $0.81 per share ● Adjusted EBITDA of $16.6 million, an increase of $546,000 from $16.0 million in the same period last year Third Quarter 2022 Highlights ● Revenue of $33.7 million, a 12% decline from Q3 2021 ● GAAP net income of $1.1 million, compared to net income of $1.5 million in Q3 2021 ● Adjusted net income of $3.3 million, or $0.21 per share ●”